BASF investing $78M in Louisiana expansion

SourcePlastics News
Date Published04/15/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BASF Corporation
Parent companyBASF SE
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2021
Capital investment ($):87
Country(ies) from which reshored:Germany
City reshored to:Geismar
State(s) reshored to:LA
If relevant, work nearshored to:-
Product(s) reshoredMDI (methylene diphenyl diisocyanate)
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Proximity to customers/market, Raw Materials Cost, U.S. price of natural gas/chemicals/electricity, Other, import replacement; expansion
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